Are you maximising your investment property’s full potential?
With a dedicated portfolio of furnished rental properties, Kay & Burton’s Fully Furnished division is one of the most established property management teams of its kind in Australia. Specialising in short-to-medium term fully furnished accommodation, Kay & Burton has become the preferred contact for corporations seeking accommodation for their interstate and overseas employees.
Leading the team as Manager of Fully Furnished & Corporate Leasing, Debbie Davut has been essential to the division’s success for 15 years, growing its portfolio and creating strong and lasting client relationships.
“Our fully furnished properties are typically located on the city fringe in buildings that offer amenities like pools and gyms. Because we’re mostly dealing with corporates from interstate and overseas who are looking for something relatively temporary, living in or near the CBD is not only convenient but offers our fully furnished renters that true Melbourne experience,” explains Ms Davut.
Properties of this kind are scattered across inner-city suburbs including South Yarra, East Melbourne, Southbank and Melbourne’s St Kilda Road.
Fully furnished rental properties attract a different type of renter to unfurnished properties, which has its benefits for the rental provider. Generally speaking, the division’s properties experience less wear and tear, reducing the overall maintenance cost across the property’s lifespan and lease terms are more flexible, with durations of three, six or 12 months.
Some other benefits of listing an investment property as furnished include:
- Rental provider and renter are covered by the Residential Tenancies Act
- Possible taxation depreciation benefits on furnishings
- Flexibility to use your property between tenancies.
“It’s important for people considering leasing their property as furnished to consider that it doesn’t suit every property type,” Ms Davut says. “Location is important. The residence will have most success if it is located near cafes, restaurants and is walking distance from public transport. I recommend speaking with our experienced fully furnished property managers, to advise if your property is suitable.”
If you are thinking of leasing your investment property fully furnished and would like to speak to a member of the team, please feel free to reach out to Debbie Davut on 0438 051 274 or email at ddavut@kayburton.com.au.